@AJ Felix You don't need a certification or degree of any kind to invest. 

Property is within 1.5 miles of state Capitol building, Hospitals and University.  2br 1st floor, 3br second floor.

On to the background and questions.I am a 18 year old freshman in college at the University of Kansas in Lawrence, Ks and am on track to graduate in 3 years.

If so, then you can still affect the equity to a certain degree by managing properly.

Cash flow to acquire more property at a 10% increase, year over year, so that the business continues to grow and expand.That's what I'm focusing on, any way.What's your degree in? 

I am a college graduate with degrees in Economics/Finance and Management.

I agree that the neighborhood is not far from Detroit Golf, University District and Sherwood Forest which are all kept up quite well. 

This is a bit of a bummer for a couple reasons as it doesn't address your down payment and they are going to get taxed on the rent they collect.Another thing to consider with this scenario is that it could be state and/or university specific. 

Where I live is 1 mile away from a major university and there are a total of 7 universities around town. 

In either case, you might also consider using a VA-Renovation loan (contact Deborah Joslyn at University Lending), which is a good VA alternative to the 203k and might allow you to find those uglier 3+/1+ homes in need of work at a lower entry point and with no FHA-imposed PMI.